SmartDrive inc., 68% Increase in Ordinary Profit, Update Record High for Second Consecutive Term

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Wed Nov 13, 2024 3:30 pm JST Earnings

5137 SmartDrive inc. 【J-GAAP】

Earnings Report

SmartDrive inc. <5137> [TSE-G] announced its financial results after the market closed on November 13th (15:30). The consolidated ordinary profit/loss for the fiscal year ending September 2024 turned into a profit of 171 million yen (compared to a loss of 26 million yen in the previous period). For the fiscal year ending September 2025, the consolidated ordinary profit is expected to expanded to 68.4% to 288 million yen, marking the second consecutive term of record-high profits.

In the most recent three-month period, from July to September (4Q), the consolidated ordinary profit increased by 68.2% from the same period last year, reaching 37 million yen. The operating profit margin improved from 4.9% in the same period last year to 7.1%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2022	1,254	-319	-302	-303	-52.5	0	Dec 15, 2022	J-GAAP
Sep, 2023	1,709	-9	-26	-28	-4.7	0	Nov 14, 2023	J-GAAP
Sep, 2024	2,173	175	171	266	42.8	0	Nov 13, 2024	J-GAAP
YoY	+27.2%	－	－	－	－

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2024 Guidance	2,234	170	166	163	26.1	0	Apr 15, 2024	J-GAAP
Sep, 2024 Results	2,173	175	171	266	42.8	0	Nov 13, 2024	J-GAAP
Revision Rate	-2.7%	+2.9%	+3.0%	+63.2%	+64.1%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	1,070	71	69	68	11.1	0	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	ー	ー	ー	ー	－	0	Nov 13, 2024	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2023	1,709	-9	-26	-28	-4.7	0	Nov 14, 2023	J-GAAP
Sep, 2024	2,173	175	171	266	42.8	0	Nov 13, 2024	J-GAAP
Sep, 2025 Guidance	3,079	301	288	387	62.1	0	Nov 13, 2024	J-GAAP
YoY	+41.7%	+72.0%	+68.4%	+45.5%	+45.2%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	450	22	22	21	3.6	4.9	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	514	-8	-11	-11	-1.9	-1.6	Feb 14, 2024	J-GAAP
Jan - Mar, 2024	556	79	80	79	12.9	14.2	May 14, 2024	J-GAAP
Apr - Jun, 2024	526	63	65	64	10.3	12.0	Aug 13, 2024	J-GAAP
Jul - Sep, 2024	577	41	37	134	21.6	7.1	Nov 13, 2024	J-GAAP
YoY	+28.2%	+86.4%	+68.2%	+538.1%	+507.0%